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In order to maintain a consistent standard of living in retirement, you need a strategy that includes consistent income you can count on. Annuities can help provide predictability, growth potential and protection for your retirement. They offer a variety of payout options for income certainty, including:
Some annuities can also help protect you in other ways with tailored benefits for specific needs, such as providing proceeds for long-term care expenses. Your financial professional can help determine which is best for you based on your objectives and risk tolerance.
While every annuity provides various payout options and tax deferral, many annuities today offer optional features that can guarantee your income and help to grow it over time. Additional costs may apply.
Explore the various annuity options below to see what income options they offer.
Annuities come with a standard death benefit that typically passes your contract value directly to the named beneficiary, avoiding probate. Most annuities today also offer some form of enhanced death benefit to help protect and strengthen your financial legacy. Typically these are optional features available at an additional cost. These benefits may add certainty to the amount you pass on and provide the ability to lock-in the contract value at various points to capture growth in the death benefit value that is passed to beneficiaries when you die.
Explore the various annuity options below to see what death benefit options they offer.
Financial hardship due to long-term care needs – it’s the most significant threat to financial security in retirement.
An innovative fixed annuity with long-term care benefits can help strengthen your defenses against financial hardships due to a prolonged health crisis. By coupling the advantages of a fixed annuity with enhanced value available for qualified long-term care needs, you can help protect your retirement savings from being rapidly depleted by the burdensome expense of long-term care.
Explore the annuity option below to learn how it can protect you .
All guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assume compliance with the benefit rules.
All riders are subject to state approval and variations.
Variable annuities offer tax-deferral, professionally managed investment options and flexible payouts. Values will fluctuate with investment performance, and the annuity may gain or lose value. Charges and fees will also reduce its value. Optional benefits are not available for purchase outside of a variable annuity and may be elected at an additional cost. Suitability and willingness to purchase the variable annuity must be considered prior to the potential benefits of any optional features.
Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal.
This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your tax or legal counsel for advice.
Marketing materials may not be available for use in all states, including but not limited to Connecticut, Georgia, and Mississippi. Not construed as an offer for solicitation until your state has approved the product and the referenced marketing materials.
Variable annuities are sold by prospectus. The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments, which should be considered carefully before investing money. You can obtain a prospectus from your financial advisor or by clicking here.
Variable annuities are issued by Forethought Life Insurance Company and are underwritten and distributed by Forethought Distributors, LLC.
Products and optional features are subject to state and firm availability.